On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
Updates include the decline of graduate school enrollment and how the wealthy evade taxes. This is followed by an Expose of Romney's "double taxation" excuse to lower taxes on the rich. A response is given to questions on the relation of workers self-directed enterprises to markets and the issue of workers' competence to run enterprises.
Wolff will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.